I did think it was going to be higher, but as l also said 1.3 NPV would still be special. I had it pegged at double the volume, but l think there is some solid logic happening here. l also think that they are truly emphasising getting into production ASAP - no doubt this affected their choice of schedules and volumes for initial production. Overall, yippee. Very solid indeed. And oh, 195 EBITDA is pretty special
Ann: Pre-Feasibility Study Completed, page-7
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